The negative calls do get a lot of attention on these down days.I think we're setting up for a major tradable rally, earnings will be the catalyst. It may not be the bottom, but it will be a chance to make money.Historically, the largest one day advances occur in the middle of bear markets, driven by short covering. Wouldn't be surprised to see a ten percenter. And on a day like that, the biggest movers will have analyst backing. So keep on posting.
I think all the calls get "attention", and I think you have a very good insight, as well as a good "batting average"...I'm just a regular guy trader (non-professional), and I look forward to NC every day!
This is no time to cower, to turn inward and retreat. To accept defeat as your only option. Did George Washington dip his toe into the Delaware River on December 25th, 1776 and declare the waters too cold to cross? No! These are the times to solidify your efforts, recast ones faith in the people of this great nation we have been blessed to inherit, and nurture it back to the greatness we all know it is and forever shall be. It is in the most trying of times in which the seeds of greatness are sown. The world's greatest fortunes were not amassed when the risks were lowest. It is only when the risks are highest that those individuals with the fortitude to put in the time, effort, and due diligence stand to gain the most. Use the folly of others to your advantage. Seize the opportunities being afforded by Mr. Market. Be brave when others are fearful. Believe in your analysis and philosophies, so long as they are based upon sound strategic footing. Do not fall victim to the end-of-worlders that will only keep you from being advantageous while opportunity abounds only to later live in regret for what could have been. When people begin overusing the term Depression (of which it is a great insult to those people that actually lived through that era to compare it to our current situation) it is a sure sign the bottom is within sight. If you are a trader, then you should love the volatility. And if you are an investor, then you should love the ability to buy world-class businesses at such low valuations. Will you buy the absolute bottom? No. But I can with 100% certainty tell you that you won't be buying the top. "These are times that try men's souls; the summer soldier and the sunshine patriot will, in this crisis, shrink from the service of his country; but he that stands it now, deserves the love and thanks of man and woman. Tyranny, like hell, is not easily conquered; yet we have this consolation with us, that the harder the conflict, the more glorious the triumph." - Thomas Paine
Liam, that's great motivational reply! NC, you've been doing a great job so keep up the good work! In times like this the market is a scary place to put money, but with knowledge, insight, and patience it can still be profitable. Use good money management. Trade smart!
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